MARKET & ECONOMY
It has been a month since the information about the new strain of coronavirus became public. Front pages of broadsheet newspapers and television screens have glaring images of facemasks worn by people in China.
The National Institute of Technology, Warangal, (NITW) and Prime Textiles, Warangal, inked a Memorandum of Understanding (MoU) for educational and scientific research as part of IMPRINT project titled ‘Development and Demonstration of Pilot-scale Hybrid Waste Water Treatment System with Hydrodynamic Cavitation and Biosurfactant for Recycling Textile Effluent’ sanctioned to Chemical Engineering Department, NIT Warangal.
The Central government would address all issues in its new National Textile Policy, which is likely to be announced in a couple of months, Union Textile Secretary Ravi Capoor has said.
India’s annual rate of inflation, based on monthly wholesale price index (WPI), for January 2020, stood at 3.1 per cent over January 2019.
Trident announced an investment of Rs 3000 crore in Madhya Pradesh in ‘Investment Round Table Conference’ with CM Kamal Nath in New Delhi.
India became the largest producer of cotton in the year 2014-15 and continues to be the leader in cotton production in the world by accounting 37 per cent area under cotton.
The Confederation of Indian Textile Industry (CITI), the National apex body for the textiles & clothing industry across the Nation, organised an interactive meeting with Ravi Capoor, Secretary, Ministry of Textiles, Government of India with the office-bearers of 48 textile Associations in South India representing the entire textile value chain.
LAPP Group, a leading supplier of integrated solutions for cable and connection technology, celebrated the 16th anniversary of the ‘Stuttgart meets Mumbai’ Wine Festival at Taj Land’s End Hotel, Mumbai on February 7-8, 2020.
The Ministry of Textiles under the dynamic leadership of Union Textile Minister, Smriti Zubin Irani, is in the process of formulating the new textile policy and it is likely to be announced in 2020.